CPP calculator: 60 vs 65 vs 70, with OAS and the clawback
This CPP calculator shows what your Canada Pension Plan retirement pension would be if you start it at any age from 60 to 70, how much you would collect in total by the age you choose, and the break-even age at which waiting pays off. It also estimates your Old Age Security (OAS) pension — including partial pensions, deferral to 70, the 10% increase at 75 and the OAS clawback (recovery tax).
Enter the CPP amount at 65 from your Statement of Contributions in My Service Canada Account (or use the average) and the tool does the rest with 2026 rules from canada.ca. Figures are in today’s dollars, since both pensions are indexed to inflation. It is a planning estimate, not financial advice.
How to use the CPP & OAS Calculator (Canada)
- Enter your CPP retirement pension at 65 — the monthly figure from your Statement of Contributions.
- Pick the age you are thinking of starting CPP and the age to compare totals to.
- Optionally enter a real (after-inflation) return to compare in present-value terms.
- For OAS, enter your years in Canada after 18, the age you will start OAS and your expected net income in retirement.
- Read your monthly CPP and OAS, the recovery tax, the start-age table and the cumulative chart.
CPP & OAS Calculator (Canada) features
Every start age
CPP at 60 to 70 in half-year steps, with the percentage change from 65.
Break-even ages
When a later start catches up with an earlier one, with or without a discount rate.
OAS with deferral
Partial pensions (years ÷ 40), +0.6% a month to 70 and the higher amount from 75.
Clawback
The 15% recovery tax above the threshold, and the income at which OAS is fully recovered.
Cumulative chart
Total CPP received by age for starts at 60, 65, 70 and your chosen age.
CPP at 60 vs 65 vs 70: the rules and a worked example
Canada.ca: your CPP retirement pension falls by 0.6% for each month you start before 65 (36% less at 60) and rises by 0.7% for each month after 65 (42% more at 70). The change is permanent.
With the average new pension of $858.34 at 65, starting at 60 pays $549.34 a month and starting at 70 pays $1,218.84. Starting at 65 overtakes starting at 60 at about age 73 years 11 months; starting at 70 overtakes starting at 65 at about 82. The break-even ages are the same for any pension amount, because the adjustments are percentages.
| Start age | % of the age-65 pension | At $858.34 | At the $1,507.65 maximum |
|---|---|---|---|
| 60 | 64% | $549.34 | $964.90 |
| 65 | 100% | $858.34 | $1,507.65 |
| 70 | 142% | $1,218.84 | $2,140.86 |
OAS amounts and the clawback in 2026
- Maximum OAS for October–December 2026: $762.50 a month at 65–74 and $838.75 at 75 and over.
- A full pension needs 40 years in Canada after age 18; with 10 to 39 years you get 1/40 for each year.
- Deferring OAS adds 0.6% a month, up to 36% at 70. There is no benefit in waiting past 70.
- The OAS recovery tax takes back 15% of net world income above $93,454 for 2025 income (recovered July 2026 to June 2027); canada.ca estimates $95,323 for 2026 income. At about $152,062 (65–74) the 2025 pension is fully recovered.
- Low-income seniors may also get the Guaranteed Income Supplement, which this tool does not estimate.
Things to weigh beyond the break-even age
Health and family longevity, other savings, whether you are still working (CPP contributions stop at 65 only if you choose), survivor benefits, and taxes all matter. Taking CPP early can make sense if you need the income or expect a shorter life; waiting is insurance against living long. For pay while you still work see the Canada take-home pay calculator, and for savings the retirement calculator.
CPP & OAS Calculator (Canada) FAQ
Is it better to take CPP at 60 or 65?
If you live past about 74, starting at 65 pays more in total; before that, 60 comes out ahead. Your health, other income and need for money now matter as much as the break-even age.
How much will my CPP be if I retire early?
Starting before 65 reduces it by 0.6% a month — 7.2% a year — so starting at 62 gives 78.4% of your age-65 amount. Retiring early can also mean fewer contribution years, which lowers the age-65 amount itself.
How do I get my CPP estimate?
Sign in to My Service Canada Account and view your Statement of Contributions; it shows the estimated monthly pension at 65 that this CPP calculator uses.
How much is OAS in 2026?
Up to $762.50 a month at 65–74 and $838.75 at 75+ for October–December 2026. Amounts are reviewed every quarter for inflation.
How is the OAS clawback calculated?
You repay 15% of your net world income above the threshold ($93,454 for 2025 income), up to the whole pension. The OAS calculator shows the yearly and monthly amounts.
Should I defer OAS to 70?
Deferral adds 36% by 70 and can reduce clawback years if your income is high while you work. It pays off if you live long enough to collect the larger amount.